Head of Operational Risk, Hong Kong
Senior Operational Risk Manager
Global Private Bank is looking for an outstanding applicant to become their Senior Operational Risk Manager in Hong Kong. The successful candidate will report directly to the Head of Operational Risk, Asia.
Role Purpose:
This role involves supporting the Head of Operational Risk Asia, including extensive senior stakeholder management across all functions and the design and delivery of key initiatives aimed at delivering enhancements to the Operational Risk function’s output and service delivery in line with regional and divisional objectives.
In addition, this individual will provide second line of defence oversight and challenge to the Wealth Business in Asia. The key elements of the Operational Risk Framework which this role will oversee include: operational risk issue management, operational risk event reporting, the risk assessment process and the control environment certification process. They will also be responsible for providing guidance and advice on significant operational risk matters to the Wealth Business Risk Management and Senior Leadership Team.
Key Responsibilities:
- Provide second line of defense oversight and challenge for the Operational Risk department over the Wealth Business in Asia.
- Actively considers the inherent, material risks of the business/organization. Analyses the risk profile and seeks confirmation that the risks are being appropriately identified, assessed and mitigated to the desired level (i.e. within Risk Appetite).
- Establish and deploy robust risk and control frameworks which meet the strategic needs of the business, including communication, training and awareness of these frameworks.
- Provide expert support and advice to the business on the management of the risks which are overseen or controlled. This includes interpreting and complying with the relevant risk policy standards and risk management framework.
- Conduct suitable assurance to ensure first line compliance with policies/responsibilities. Provides senior executive with relevant management information and reports and escalates concerns where appropriate
- Partner with senior business stakeholders, providing high level specialist advice to inform strategic decision-making and input into long term business planning for the area.
- Manage senior stakeholders across other functions and co-ordinate with external partners as necessary.
- Lead the design and delivery of programmes or initiatives aimed at delivering service improvements or more effective business support, ensuring polices, processes and systems are compliant with group standards, commercially viable and support the delivery of business objectives.
- Monitor external developments in operational risk and apply knowledge of best practice to the development of improved functional and business support for Wealth.
- Establish and maintain relevant Wealth Management policies, standards and guidelines required to ensure compliance with Group Policies;
- Management, co-ordination and delivery of other Operational Risk initiatives to support the Head of Operational Risk and/or Chief Risk Officer in Asia.
- Provide training to the Wealth International Business on all aspects of the Operational Risk Framework and associated policies and procedures.
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